JSC National Atomic Company “Kazatomprom” (“Kazatomprom” or “the Company”) announces the following changes to the Company’s senior management team:

Chief Financial Officer (“CFO”)

Mrs. Kamila Syzdykova, Kazatomprom’s CFO currently on parental leave, has decided not to return and will depart from her role effective 03 January 2023 to pursue other opportunities. Mrs. Syzdykova has been CFO since November 2020 and previously worked in the local and international uranium industry, including Kazatomprom and its subsidiaries, since 2009. Mrs. Syzdykova played a key role in the Company’s transformation to a public company and in maximizing the impact of the value strategy following the IPO in 2018.

As disclosed in relation to Mrs. Syzdykova’s parental leave on 09 November 2022, Mr. Darkhan Kozha-Akhmet is currently acting CFO and will continue to be acting while the Company’s Board of Directors (“the Board”) conducts a recruitment process to assess appropriate candidates for appointment to the CFO position.

Chief Commercial Officer (“CCO”)

Mr. Askar Batyrbayev has decided to leave his role as CCO effective 10 January 2023 and pursue other opportunities. Mr. Batyrbayev has been Kazatomprom’s CCO since January 2021 and has worked with the Company and its subsidiaries since 2006, holding senior positions in uranium marketing, sales, logistics, and subsidiary operations. Mr. Batyrbayev successfully coordinated marketing and sales activities, expanded the Company’s contract portfolio into new markets, played a prominent role in strengthening long-term cooperation with Kazatomprom’s customers and partners, and led the successful efforts to establish an alternative shipping route along the Trans-Caspian International Transport Route. 

The Board has initiated the process of assessing candidates for the CCO position and expects to provide further details prior to Mr. Batyrbayev’s departure in January.

“We respect the decisions of our departing colleagues and thank both Mrs. Syzdykova and Mr. Batyrbayev for sharing their extensive experience and significant financial, commercial, and strategic expertise across the Company over the years,” said Yerzhan Mukanov, Kazatomprom’s Chief Executive Officer. “As CFO and CCO during very challenging global times, they have made significant contributions to our continued transformation, including the implementation of our value-focused, market-centric strategy and emphasis on long-term value creation, while working to enhance transparency and credibility. I would like to extend best wishes in their future endeavours.”

“The Board would like to sincerely thank Mrs. Syzdykova and Mr. Batyrbayev for their tireless work to establish the Company as a partner of choice in the nuclear industry, across all stakeholder groups,” said Neil Longfellow, Chairman of Kazatomprom’s Board of Directors and independent director. “Their significant contributions to Kazatomprom’s development, both before and after the Company’s privatization in 2018, and their leadership through the difficult pandemic and geopolitical conditions over the past two-and-a-half years, have strengthened Kazatomprom’s position in the uranium market, reinforcing the Company’s reputation as a responsible and value-driven leader at the front-end of the nuclear fuel cycle. We respect their personal decisions and wish them nothing but absolute success in the future. The Board, together with the majority shareholder, Samruk-Kazyna, will work to ensure the best candidates are selected for the critically important roles of CFO and CCO at the world’s largest uranium mining company.”

For more information, please contact:

Kazatomprom Investor Relations Inquiries

Yerlan Magzumov, Director, Investor Relations

Cory Kos, International Adviser, Investor Relations

Tel.: +7 7172 45 81 80 / 69

Email: irkazatomprom.kz

Kazatomprom Public Relations and Media Inquiries

Sabina Kumurbekova, Director, Government and Public Relations

Gazhaiyp Kumisbek, Chief Expert, Government and Public Relations

Tel.: +7 7172 45 80 22

Email: prkazatomprom.kz

A copy of this announcement is available at www.kazatomprom.kz.

About Kazatomprom

Kazatomprom is the largest uranium producer in the world with natural uranium production in proportion to the Company's participatory interest in the amount of about 24% of the total global primary uranium production in 2021. The group has the largest uranium reserve base in the industry. Kazatomprom, together with subsidiaries, affiliates and joint organizations, is developing 26 deposits combined into 14 uranium-mining enterprises. All uranium mining enterprises are located on the territory of the Republic of Kazakhstan and when mine uranium use in-situ recovery technology, paying particular attention to best HSE practices and means (ISO 45001 and ISO 14001 certified).

Kazatomprom's securities are listed on the London Stock Exchange, the Astana International Exchange and the Kazakhstan Stock Exchange. Kazatomprom is the National Atomic Company of the Republic of Kazakhstan, and the main customers of the group are operators of nuclear generating capacities, and the main export markets for products are China, South and East Asia, North America and Europe. The Group sells uranium and uranium products under long-term and short-term contracts, as well as on the spot market directly from its corporate centre in Astana, Kazakhstan, as well as through a trading subsidiary in Switzerland, Trading House KazakAtom (THK).

For more information, please, visit our website http://www.kazatomprom.kz

Forward Looking Information

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